Hi guys, I'm a property manager of a small portfolio of new construction townhomes.

It's pretty typical to get an income statement and rent roll before a walkthrough and before signing a contract (there's many times that you'll also get a capital improvements summary too), but it's not as typical to get the other items prior to contract execution.Depending on how small the property is, you might be able to push for more of these items on the front end if you're dealing with a "mom and pop" owner. 

- Should I purchase the property through an LLC for potential tax benefits?

They know better than anyone.......Oh, and you can also get some of the better deals when buying those properties, as long as you have a good idea of the potential extent and cost of the repairs and plug that (with a healthy contingency) into your proforma. 

I am interested in buying this property as well as it shares a backyard.

Does anyone have any experience purchasing tax delinquent properties?

Rental income is about 4800/monthly.Specifics:The owner wants to live there.

Mid term rentals are okay - depends on the property and location if it’s really worth it over LTR.   

Looking to get to over 50 properties in a few markets.  

I wasn't pleased but still went to see the property.